Torex Gold Provides 2020 Operational Outlook

(All amounts expressed in U.S. Dollars unless otherwise stated)
TORONTO, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the a??Companya?? or a??Torexa??) (TSX: TXG) expects to produce between 420,000 and 480,000 ounces of gold in 2020, with the mid-point of guidance relatively in line with the 454,810 ounces of gold produced in 2019. Total cash costs1 are expected to range between $640 and $670 per ounce of gold sold. All-in sustaining costs1 are anticipated to range between $900 and $960 per ounce of gold sold.2020 Operational Outlook

Gold production

420,000 to 480,000 ounces

Total cash cost per ounce of gold sold1

$640 to $670

All-in sustaining cost per ounce of gold sold1

$900 to $960

Capitalized waste stripping

$51 million

Other sustaining investment

$34 million

Sustaining capital expenditures

$85 million

Non-sustaining capital expenditures

$82 million

Fred Stanford, President and CEO of Torex, stated:a??In 2020 we expect our El LimA?n Guajes mine to deliver a similar production result to the record performance achieved in 2019. This level of production with continuing strength in the gold market, positions the Company to deliver another year of strong operating cash flow, which we expect to direct towards advancing Media Luna, testing Muckahi, and reducing outstanding debt.
See also:
Leave a comment
  • Latest
  • Read
  • Commented
Calendar Content
«    Сентябрь 2020    »